The lights are on
Atlus has quickly become a powerhouse in the gaming world, bringing unique and clever titles to North American shores. The publisher is largely responsible for a renaissance of interest in traditional roleplaying games. Now, that legacy is in jeopardy.
Atlus' parent company, Index Holdings, has filed for "rehabilitation" (a form of bankruptcy) due to approximately 24.5 billion yen ($249 million) of outstanding debt. All corporate code is complex, but Japan's rehabilitation process is streamlined. Without going to far into the weeds, here are the details:
All of this would largely be good news for Atlus (and gamers) if it weren't for allegations of fraud levied against Index Holdings. According to Japan's NHK (via Crunchyroll), the company has been accused of inflating sales figures by way of illegitimate business transactions. This process, known as "window dressing" or round-tripping (selling to another company under an agreement to buy back the exact same number of units at the identical price) made it seem like far more copies were moved.
Additionally, company president and CEO Yoshimi Ochiai and board chairman Masami Ochiai have expressed interest in departing the company. Whether this will necessitate a trustee for the rehabilitation is unknown.
As for Atlus, a sale seems to be a logical assumption. How this will affect the publisher's localization efforts, it's trend of bonuses included in first-run copies, and the general fabric of roleplaying games in the West is a matter that only time will uncover. Atlus topped our list of Japanese RPG publishers to watch, and we hope they continue to have a place on it moving forward.
[Source: CNET Japan, Crunchyroll via NeoGAF]
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...well that sucks. I just hope they can escape the fire and survive on their own.
Oh no. I hope Shin M. IV and everything comes through.
No, not Atlus! They're one of my favorite publishers. I hope they don't get stuck with some money-grabbing parent company that rushes releases or cramps the games' style.
Nintendo has been looking to increase their internal staff so they can work on more projects so theirs a possibility that they will buy Atlus.
Atlus is responsible for bringing some if my favorite games to the west. I really hope that they come out of this unscathed.
I love Atlus! I hope they can overcome this.
No...no..no..no this isn't happening!!
There's no reason for me to go on!!!
WHAT AM I FIGHTING FOOOOOOOOOOR!!!
Hmm. I wonder when/if this will affect the Demon's Souls servers.
Well this is horrible news for Atlus. I really hope they come out of this as unscathed as possible. It would really suck if what Index Holdings did ruins their future.
Atlus is one of my favorite publishers. I hope they make it out ok.
That is terrible! If they go out no more Trauma Center games :/
I hope they make it through this. Atlus has quickly become one of my favorites. Its gotten to the point that whenever I see that Atlus logo, I'm immediately interested. I'd hate to see them go away.
Index is filing for Civil Rehabilitation Law not bankruptcy. This may help www.neogaf.com/.../showpost.php
My favorite jrpg company. If I love them I don't know what I'm gonna do.
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!! EVERYBODY PANIC!!!!!!! No seriously, these guys are great and if they do get F'd by this, someone will buy them. Either Nintendo or Sony. Atlus won't die.
Somebody will pick them up if worse comes to worse. I don't see the collapse of the studio as a result of this.